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Moody's rates GOHO Financial B1
Moody's Investors Service said it assigned a B1 corporate family rating and issuer rating to GOHO Financial Asset Management Co., Ltd.
The outlook is stable.
The ratings reflect the company's niche franchise in the local distressed asset management business, good profitability and solid capital, Moody's said.
These factors are offset by its short operating history, reliance on short-term funding, rapid asset growth resulting in relatively high asset quality risk and operating risk, the agency said.
Supported by its niche franchise and increasing demand on local distressed asset management, GOHO reported good profitability over the past few years, Moody's added.
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